Klöckner - Steel Trader in the Crosshairs of Worthington Steel!
Reading Time: 2 minutes
Business Driver: The steel trader Klöckner & Co has recently, like many other heavyweights in the steel industry, suffered from the bleak demand due to economic conditions and falling steel prices. As the EU aims to stabilize steel prices with tariffs on cheap imports from Asia and Eastern Europe, and demand is picking up again thanks to an emerging economic recovery, the outlook for Klöckner is improving. Klöckner & Co recently reported a significant increase in operational profit in Q3, rising from 21 to 43.9 million euros due...
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